President Donald Trump has intensified his criticism of Federal Reserve Chairman Jerome Powell, aiming to replace him with someone who will lower interest rates.

President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt. Is that fight?

Former President Donald Trump has urged the Federal Reserve to significantly cut the federal interest rate. He claims a reduction by 3 percentage points would alleviate national debt burdens and maintain economic growth without triggering inflation.